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Nps mcq, 1) New Pension Scheme is mandatory for all new recruits joining the Central, Government Service from?, (A)1st January, 2004, (B)1st January, 2003, (C)1st January, 2006, (D)1st July, 2004, , 2) Under NPS, Individuals would have the flexibility to leave the pension system prior to, age 60. In this case, the mandatory annuitization would be __% of the pension wealth?, (A)80%, (B)60%, (C)50%, (D)40%, , 3) Choice of Pension Fund and investment pattern in Tier-I of NPS has been introduced, with effect from?, (A)1st April 2019, (B)31st January 2019, (C)1 July 2020, (D)1 January 2020
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4) What is the percentage of monthly contribution by the Central Government under, NPS?, (A)14% of Basic Pay, (B)10% of Basic Pay plus DA, (C)14% of Basic Pay plus DA, (D)10% of Basic Pay, , 5) choose incorrect ???, A) In the case of unfortunate death of NPS Subscriber, maximum Lump sum, Withdrawal is 20% percentage of accumulated wealth., B) In the case of unfortunate death of NPS Subscriber, minimum Annuitisation is 80%, percentage of withdrawal wealth., C) both, D) none
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6) choose correct ???, A) On resignation under NPS, the lump sum can be deferred till the age of 70 year., B) Annuity purchase on retirement under NPS can also be deferred for maximum, period of 3 years., C) both, D) none, , 7) A subscriber wishing to keep on contributing in Tier-1 account even after retirement, / superannuation should submit the request atleast __ prior to the age of attaining 60, years?, , A) 3 months, B) 15 days, C) one month, D) 10 days
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8) Subscriber who wish to continue with his individual pension account under NPS, beyond the age of sixty years or the age of superannuation may do so by making an, application in writing with reasons for such delay to the National Pension System Trust,, within _____days of attaining such age or superannuation?, , A) 30 days, , B) 60 days, , C) 90 days, , D) 180 days, , 9) Which among the following is the default scheme for annuity available under New, Pension Scheme?, A) Annuity for life of the subscriber and his or her spouse (if any) with provision for, return of purchase price of the annuity, b) Annuity for life with return of purchase price (amount given to annuity service, provider) on death), c) Annuity guaranteed for 5, 10, 15 or 20 years and for life thereafter, d) On death during the guarantee period
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10) choose incorrect ??, A) A New Pension Scheme (Contribution based Pension Scheme) now called National, Pension System (NPS), was introduced for Central Government employees vide, Ministry of Finance (Department of Economic Affairs) Notification dated 22nd, December, 2003., B) NPS was made mandatory for all new recruits to the Central Government service, and the armed forces from 1st January, 2004., C) both, D) none, 11) which benefit have been extended to the Central Government employees covered, under NPS vide dated 26.08.2016 on same terms and conditions as are applicable, under CCS(Pension) Rules, 1972., A) The benefit of retirement gratuity, B) The benefit death gratuity, C) none of above benefit, D) both
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12) choose incorrect ??, A) Option for investment choices and Pension Fund made available to Government, servants w.e.f. 01.04.2019., B) Investment in NPS Tier II has been brought under Section 80 C for tax exemption, w.e.f. 01.04.2019., C) both, D) none, , 13) Investment of NPS wealth upto….. In infrastructure/Debt funds and …. In equity for, Government employees., A) 95% and 5-15%, B) 5-15% and 95%, C) 5% and 5%, D) 95% and 95%
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14) Ministry of Health and Family Welfare issues instruction on extending benefit of, CGHS to Government employees covered under NPS. What is not subject to, conditions ??, A) Minimum years of qualifying service for eligibility of CGHS membership after, retirement- 10 years., B) No minimum qualifying years of service for availing CGHS facilities in case of., Death., C) Minimum years of qualifying service for eligibility of CGHS membership in case of, disability - 5 years, D) all the above, , 15) choose incorrect ??, A) Individuals who are aged between 18 – 60 years as on the date of submission of, his/her application to the POP/ POP-SP can joint nps, B) a NRI can open an NPS account., C) Every individual subscriber is issued a Permanent Retirement Account Number, (PRAN) card and has a 14 digit unique number., D) none
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19) Recoveries towards Tier-1 contribution will start from the salary of the month, _____., A) date of joining., B) After issuing of PRAN., C) the following the year in which Govt Servant joined service., D) the following the month in which Govt Servant joined service., , 20) Before how many time the subscription towards NPS will be stopped at the time of, superannuation?, A)1 Month, B)3 Months, C)2 Months, D) none
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21) choose incorrect ??, A) the minimum amount for opening of Tier-II account of NPS- 500rs, B) the minimum amount for opening of Tier-1 account of NPS-1000rs, C) both, D) none, , 22) In which of following is not listed as Pension Fund Manager (PFM)?, a) HDFC Pension Management Company Limited., b) Kotak Mahindra Pension Fund Limited, c) Birla Life Pension Management, d) none
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23) How many times of gap should be prescribed Normal cases between two partial, withdrawals from Tier-1 account of NPS?, A)3 years, B) 5 Years, C) 2 Years, D) time is not mentioned but sufficient time, , 24) choose incorrect about pfrda act, A) NO. 14 OF 2013., B) 18th September, 2013., C) It extends to the whole of India., D) total rules 56.
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25) if a Government employee appointed on or after 01.01.2004 and covered under, NPS is disabled. Which of the statement is correct in this regards ??, A) he shall be eligible to receive a 50% of lump sum compensation., B) the Government employee is retained in service in spite of such disablement., C) compensation computed in terms of CCS(Extraordinary Pension) Rules, if the, disablement is attributable to Government employee., D) all the above
